BITCOIN is Overbought, a big pullback may happen soon
Updated
BTCUSD is OverBought in 42m and 1H time frame, as indicated in 9 Seasons Rainbow Indicator.
A new high may be touched, meanwhile, a big pullback may happen soon.
A new high may be touched, meanwhile, a big pullback may happen soon.
Note
RSI Divergence in 1H, BTC Lower HighNote
OverBought in 15mNote
An ascending triangle is developing, looks like a new breakout can be expected before the pullback. Overbought in 10m, 15m has become Crazybought, which normally means a possible breakout.Note
Disclaim:This is only a personal opinion and does not serve as investment nor trading advice.
You should make their own decisions, carefully assess risks and be responsible for your own investment and trading activities.
Note
The ascending triangle failed, looks like the range ends.
Message the author for a trial of the indicators.
A Trading Indicator Artisan and JAVA Programmer, dedicated to enhancing traders' productivity.
A Trading Indicator Artisan and JAVA Programmer, dedicated to enhancing traders' productivity.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.